When Opening a Spa,you May Need to Buy Tables,a Sound

question 109

Multiple Choice

When opening a spa,you may need to buy tables,a sound system,and credit card processing equipment.What do economists call these expenditures?

• A) capital investment
• B) investment in human capital
• C) business consumption expenditures
• D) inventories

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Definitions:

Grazing

The act of animals eating grass or other vegetation growing close to the ground.

Average Fixed Cost

is the fixed costs of production divided by the quantity of output produced, showcasing how these costs spread over different production levels.

U-Shaped

A graphical representation where the curve is low in the middle and higher at both ends, indicating a situation where both extremes have similar outcomes that are more favorable or effective than the moderate level.

Economists

Professionals who study the production, distribution, and consumption of goods and services, analyzing economic issues and trends.